The New Mexico State Board of Public Accountancy provides detailed information and requirements about the CPA exam. In general, these are 30 hours of accounting. and a bachelor's degree from an accredited institution. In addition, a candidate must have completed 150 semester hours of college credit by the time he or she sits for the exam. There are several recommended ways to complete the course requirements:

• BBA with Accounting concentration
• Master of Accounting
• MBA with-Accounting concentration (designed primarily for students with undergraduate degrees in other fields)

Listed below are the accounting courses, in pre or corequisite order which are currently suggested to meet the New Mexico 30-hour requirement. UNM offers more than the 30 hours of accounting course work required for the New Mexico CPA exam. These additional classes may be helpful in preparation for the exam. There is no assurance that taking all the recommended courses will result in a successful examination.

Semester 1
MGMT 202 (502**) Priniciples of Fin Acct
MGMT 310 Legal Environment of Mgt

Semester 2
MGMT 303 (503**) Acct for MGMT Control
MGMT 340 (540**) Financial Acct I
MGMT 342 Income Tax Accounting I

Semester 3
MGMT 341 (541 * *) Financial Acct II
MGMT 346* Managerial & Cost Acct

Semester 4
MGMT 440* Financial Acct III
MGMT 443* Auditing
MGMT 449* Acct Information Systems

Other Available Accounting Classes
MGMT 343* Income Tax Accounting II
MGMT 348* Legal Concepts for Accountants
MGMT 444* Accounting for Not-for-Profit Organizations
MGMT 445* Contemporary Accounting Topics

Additional graduate-level accounting courses may also be available

* Course available for graduate credit.
** Equivalent graduate course.

Students with graduate degrees in other disci lines may take graduate-level courses. Students with undergraduate degrees must meet the CPA requirements at the undergraduate level.

States other than New Mexico may have more stringent CPA requirements. The American Institute of CPAs (AICPA) and the National Association of State Boards of Accountancy - (NASBA) have drafted requirements to provide "substantial equivalency" among state certification requirements. The substantial equivalency rules would let a CPA practice across state lines in the same way that an, individual licensed to drive in New Mexico may also drive in other states. New Mexico does not meet the substantial equivalency requirements established by the AICPA arid NASBA, in part because A New Mexico candidate does not need 150 hours of coursework to sit for the CPA exam. A national board will be established to evaluate reciprocal certification application's from individuals who are certified in nonqualifying states like New Mexico but who personally meet the requirements established by the AICPA and NASBA. Thus, a New Mexico CPA who meets the 150-hour requirement will not automatically be entitled to practice in other jurisdictions, as would individuals certified in substantial equivalency states, but will be able to petition the national board individually for the substantial equivalency designation.